Gate.io Blog Daily News | BTC Exceeds $93,000, Continues to Set a New Historical High, PNUT Led the Market with a 400% Intraday Increase

Daily News | BTC Exceeds $93,000, Continues to Set a New Historical High, PNUT Led the Market with a 400% Intraday Increase

14 November 12:50

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## Crypto Daily Digest: ETH ETFs resumed large inflows again, BlackRock IBIT size exceeded $40 billion
According to Farside Investor data, yesterday’s net inflow of US spot <a  rel="nofollow noopener noreferrer"  href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ETFs was $514.43 million, including $235 million from BlackRock IBIT data, $186 million from Fidelity FBTC, and $61.3 million from Grayscale Mini Trust BTC.

Yesterday, the US <a  rel="nofollow noopener noreferrer"  href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> spot ETFs saw an inflow of $111 million, once again restoring significant capital inflows. Fidelity FETH inflow was $101 million, Bitwise ETHW inflow was $13 million, and BlackRock ETHA data has not been updated yet.

**After the release of the US CPI, the probability of the Fed cutting interest rates by 25 basis points in December has risen to 75.7%**

According to data from CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping current interest rates unchanged until December is 24.3%, and the probability of a cumulative 25 basis point rate cut is 75.7% (37.9% and 62.1% respectively before the release of CPI).

The probability of maintaining the current interest rate unchanged until January next year is 16.5%, the probability of reducing interest rates by 25 basis points cumulatively is 59.2%, and the probability of reducing interest rates by 50 basis points cumulatively is 24.3%. (Before the release of CPI, they were 26.5%, 54.9%, and 18.6%, respectively).

**AP: Thai internet celebrity Moo Deng's official theme song has been released, available in Thai, Chinese, English, and Japanese versions**

According to the Associated Press, the Khao Kheow Open Zoo in Chumphon, Thailand has officially released the theme song for the popular hippopotamus Moo Deng.

It is reported that the 50 second cheerful song "Moodeng Moodeng" has Thai, English, Chinese, and Japanese versions, with simple and easy to understand lyrics such as "Moo Deng Moo Deng, boing boing boing/Mommy mommy, play with me". The music video for this song consists of short videos of hippopotamuses jumping and jumping, playing with their caretakers, or playing with their mother Jona.

This hippopotamus is now four months old and has attracted a large number of tourists to the zoo located about a two-hour drive from the capital Bangkok. The zoo estimates that it has received an average of 3,000 to 5,000 visitors per day in the past few months, and it also sells clothes, bedding, and other products based on Moo Deng.

**BlackRock's IBIT asset size exceeded $40 billion in 211 days, setting a new historical record with a huge advantage**

Bloomberg ETF analyst Eric Balchunas posted on social media that within 211 days of its launch, BlackRock IBIT's asset size reached the $40 billion mark (just two weeks after reaching $30 billion), breaking the previous record of 1,253 days held by IEMG (BlackRock's emerging market ETF).

IBIT ranks in the top 1% of all ETF asset size rankings, and nearly 10 months after its launch, its asset size is larger than all 2,800 ETFs launched in the past decade.

## Market Trends: PNUT led the market with a 400% intraday increase, while POPCAT continues to set a new historical high
### Market Hotspots
The trending coins in the Meme sector, such as PEPE, POPCAT, MOG, and WIF, have surged. PEPE has been listed on the Korean exchange, with a market cap exceeding $10 billion at one point; POPCAT breaks through $1.85 and continues to set a new historical high, making it the most valuable cat meme coin currently;

New trending meme coins such as PNUT and MOODENG also surged, with PNUT rising 400% within the day. PNUT is hailed by Musk as a symbol of saving America, and has been repeatedly mentioned on his Twitter account, causing its market cap to increase fivefold in a day and reach $2.5 billion; MOODENG is a Thai internet celebrity hippopotamus meme, with a 24-hour increase of 15% and a current circulating market cap of $320 million.

### Mainstream Coins
BTC breaks through $93,000 and continues to hit a new historical high, currently adjusting around $89,500. BTC ETF continues to have large net inflows, and BTC's future market is still promising;

ETH is still consolidating around $3,200, and the ETH ETF began to receive large positive inflows, indicating that the decline in funds is about to reverse;

VC coins in Altcoins generally experienced a pullback, with only trending coins in the meme sector showing strong gains, and PNUT leading the market with a 400% intraday increase.

## Macro news: The rise and fall of the US stock market are mixed, and the probability of the Fed cutting interest rates has risen to 82.5%
The three major indexes of the US stock market fluctuated, with the S&P 500 index rising 0.02% to 5,985.38 points; The Dow Jones Industrial Average rose 0.11% to 43,958.19 points; The Nasdaq index fell 0.26% to 19,230.72 points. The benchmark 10-year Treasury yield is 4.44%, while the 2-year Treasury yield, which is most sensitive to the Federal Reserve policy rate, is 4.27%.

According to data released by the US Bureau of Labor Statistics on Wednesday, the core consumer price index (CPI) excluding food and energy costs has risen by 0.3% for three consecutive months, with a year-on-year increase of 3.3%. Data shows that the annual CPI rate recorded 2.6%, which is in line with expectations and higher than the previous value of 2.4%, reaching a three-month high and ending the previous "six consecutive declines" trend; The seasonally adjusted CPI monthly rate for October recorded 0.2%, which is consistent with expectations and previous values.

The Wall Street Journal pointed out that although inflation data is stabilizing, it still seems possible for Federal Reserve policymakers to cut interest rates by another 25 basis points at the last meeting of the year next month. This is primarily because, despite the ups and downs along the way, inflation seems to be on a cooling trend. In addition, there is still a certain degree of 'catch-up inflation' in the data.

<div class="blog-details-info">
<div>Author:**Icing**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. All investments carry inherent risks; prudent decision-making is essential.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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GT/USDT + 9.05%

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Daily News | BTC Exceeds $93,000, Continues to Set a New Historical High, PNUT Led the Market with a 400% Intraday Increase

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